ProFrac Holding Corp. (NASDAQ:PFHC – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.99 and last traded at $23.48, with a volume of 456307 shares changing hands. The stock had previously closed at $22.39.
ProFrac Price Performance
The company has a debt-to-equity ratio of 2.35, a current ratio of 1.63 and a quick ratio of 1.20. The business has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $20.53.
Institutional Investors Weigh In On ProFrac
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in shares of ProFrac by 0.3% in the third quarter. Jennison Associates LLC now owns 207,127 shares of the company’s stock worth $3,150,000 after purchasing an additional 624 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in ProFrac by 0.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 300,815 shares of the company’s stock worth $4,575,000 after buying an additional 815 shares in the last quarter. Federated Hermes Inc. raised its holdings in ProFrac by 7.1% during the third quarter. Federated Hermes Inc. now owns 15,000 shares of the company’s stock valued at $228,000 after acquiring an additional 1,000 shares during the period. Amalgamated Bank purchased a new position in shares of ProFrac in the third quarter valued at about $36,000. Finally, Strs Ohio bought a new position in shares of ProFrac in the third quarter worth about $48,000. 20.68% of the stock is owned by hedge funds and other institutional investors.
ProFrac Holding Corp., a vertically integrated and energy services company, provides hydraulic fracturing, completion, and other products and services to upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production.
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